Answer Posted / tgs100
Below one is a generic concept of check positive pay. I didn't use it in Oracle apps.
Check positive pay is a fraud detection process. Whenever the company pays CHECK to the suppliers/employees, the CHECK details like account number, check number, issue date, check amount, etc are sent to the corresponding bank (mostly electronically) for the issued checks. Now when the supplier deposit the check, the bank software will automatically verify if there is/are corresponding check details provided to bank by the company.
If the details match, then vendor will be paid. If there is no matching record found, then bank will intimate the same to the company and company has to take necessary action. For this service, banks might charge a fee also.
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
We have both consumption tax and With Holding Tax on each invoice, will there be any conflict involved?
We are running Oracle EBS 11i and yesterday whilst doing my month-end I forgot to select "calculate finance charge" on form ARXSUPST AR Print Statement run. I am struggling to get to My Oracle and was hoping someone out there might have experienced or heard of a similar problem. What are my options to rectify this situation... I look forward to you inputs..... Thank you Regards Salie
how service tax work.
Can I do a payment of 50 bills on a post date. If yes, then how?
HI, once we create the standard invoice then we can get journal entry item expense a/c-dr to liability a.c then item it will reflect through inventory, but liability a/c . it will reflect from GL , it is possible .
what is the difference between bonus reserve and bonus expense
What are the types of setups in apps inventory module
What is Difference between Auto Copy Journal and recurring journal?
SLA usage ans how to define setups?
What is gap analysis, how do you defined. What are the pre-requisities?
What kind of necessary ap information you gather from the client?
How will account an advance of Rs.10000/- which is a permanent prepayment, can I make payment for this?
What are register in India localisation?
What do you mean by controlling buyers workload?
what is the use of hr: security profile, while configure multiorg?